Hoyman Dobson
E-ssentials Bulletin
Our newest profitability and wealth accumulation tips for our clients and contacts. Click on items of interest for more details on each topic.
Building Construction
 
 
Homeowners who make energy-efficient improvements to their home in 2010 can take a 30 percent credit as a result of tax changes made in the economic stimulus package. The law increased the credit from 10 percent to 30 percent and extended it to include 2010 improvements. The maximum cap was also extended to $1,500 from $500 for all property placed in service in 2009 and 2010.
 
Family Business
 
 
In each of the next three years, 2,000 business taxpayers will be randomly selected by the IRS for comprehensive examinations to collect data on employment tax filers. The IRS says the results will allow it to gauge more accurately the extent to which businesses properly comply with employment tax law and related reporting requirements.
 
General Business
 
 
If you're considering changing your workplace from a traditional business dress code to business casual, it might be wise to try "casual Fridays" first. Whether you call it a pilot program, a gradual transition, or getting your feet wet before you decide whether to take the plunge, a trial run might save you some big headaches.
 
Manufacturing
 
 
It is not always as simple as it may seem to evaluate whether a change had the expected results or if it needs modification. Here are some questions to consider to help you review a change made by your company.
 
Nonprofit Organizations
 
 
While most nonprofits post information about their missions and programs on their Web sites, significantly fewer disclose other key information on the Internet, according to a transparency review conducted by GuideStar, a watchdog group for nonprofit associations.
 
Physician Services
 
 
As the debate over national healthcare reform wages on, another topic has started to receive attention. Healthcare fraud is running rampant. The National Health Care Anti-Fraud Association estimates 3-10 percent of the nation's annual healthcare outlay is lost to fraud and abuse. Healthcare costs have become one of the fastest growing costs to organizations.
 
Valuations
 
 
Everyday, you work hard for your clients. You think about their issues, help them strategize to make good decisions and handle legal matters of varying types. But, how much time do you spend working hard for your most important client - your own firm?
 
Washington Tax Update
 
 
 
 
 
 
 
Latest Business Headlines
 
USA Today
 
Wall Street Journal
 
New York Times
 
Kiplinger
 
Fox Business
 

Hoyman Dobson Sponsors
 2010 March of Dimes
 March for Babies

 
This year Hoyman Dobson is the proud sponsor of the March of Dimes March for Babies Fundraising Event. The walk will take place on April 17, 2010, at
8 a.m. at the Avenue Viera, 2261 Town Center Avenue, Melbourne, FL 32940. In addition to being an "Every Baby Has a Story" sponsor, the firm has a team of five walkers, whose goal is to raise $1,000.
 
"Christine Noll-Rham, Hoyman Dobson's Audit Senior, recently joined the March of Dimes Board of Directors. She is a new mom and very passionate about the cause," shares Debbie Goode, Hoyman Dobson Audit Director. "Our Firm has always encouraged our team members to give back to the community. So we were not surprised to see five volunteers step up to personally raise funds for this cause. We are looking forward to meeting and exceeding our fundraising goals," continues Mrs. Goode.
 
If you wish to support the March of Dimes fundraising event by sponsoring any of Hoyman Dobson's walkers, please visit www.marchforbabies.org.
 
About Hoyman Dobson: Founded in 1964, Hoyman Dobson is a member of CPAmerica, one of the world's largest networks of independent CPA and consulting firms. The firm is the creator of a groundbreaking service process called the "Goals to Reality Experience" ™.
 
Hoyman Dobson is best known for providing expert financial services to government contractors and construction companies. In addition, the firm recently implemented a brand-new service program called The Trust Advantage™ focusing on Estate and Trust Administration services. Another area of expertise includes employee 401(k) plan administration services, which are provided by its affiliated firm, CPA Wealth Management Services (www.cpawms.com).
 
For additional information about Hoyman Dobson and its services, please visit www.hoyman.com or call 321-255-0088.
 
Business Tips
 
Improving Business Operations - Think of every product or service that your company sells as if it were a separate business. Does each one contribute to profitability? Identify profit centers. Keep the winners and lose the losers.
 
Wealth Tips
 
Your Savings - Always try to contribute the maximum amount allowed to your 401(k) or other company retirement plan, especially if there is a company matching program. It's one of the best investments you have.

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The technical information in E-ssentials is necessarily brief. No final conclusion on these topics should be drawn without further review and consultation. Please be advised that, based on current IRS rules and standards, the advice contained herein is not intended to be used, nor can it be used, for the avoidance of any tax penalty assessed by the IRS.
 
© Copyright 2010 CPAmerica International